Burney Co. Raises Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Burney Co. lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,088 shares of the exchange traded fund’s stock after purchasing an additional 92 shares during the period. Burney Co.’s holdings in SPDR Gold Shares were worth $263,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Semmax Financial Advisors Inc. increased its stake in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in SPDR Gold Shares in the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP purchased a new stake in SPDR Gold Shares in the 3rd quarter worth approximately $35,000. Pittenger & Anderson Inc. purchased a new stake in SPDR Gold Shares in the 3rd quarter worth approximately $38,000. Finally, Sugarloaf Wealth Management LLC grew its stake in SPDR Gold Shares by 78.9% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 71 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.5 %

GLD stock opened at $249.27 on Friday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71. The company has a 50 day moving average price of $243.85 and a two-hundred day moving average price of $238.21.

SPDR Gold Shares Profile

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).